Un­der pres­sure, Pe­ter Hecht splits Iron­wood in­to two biotechs, spin­ning out an R&D op­er­a­tion

Iron­wood $IR­WD is split­ting up its busi­ness in­to two dis­tinct halves, spin­ning out a pipeline of ear­ly- and mid-stage drugs in­to a sep­a­rate, pub­licly trad­ed …

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